Strategy Inc. • Robinhood Token vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 22.1× the size of Strategy Inc. • Robinhood Token (MSTR) by market capitalisation. Their daily returns move barely together (correlation 0.23 across 36 shared trading days). MSTR has been the more volatile of the two, at 181% annualised against CRCLB's 82%.

Correlation: 0.23
Size ratio: 1 : 22.1

Strategy Inc. • Robinhood TokenMSTR

$132.4900

24h: +0.28%
Market cap: $7.28M
Volume 24h: $2.69M
Volatility (ann.): 181%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$73.3300

24h: -0.38%
Market cap: $160.95M
Volume 24h: $31.23M
Volatility (ann.): 82%

MSTR 4.3%Share of the two combined market caps95.7% CRCLB

Performance

MSTRCRCLB

7 days-15.72%-7.34%CRCLB
30 days-4.74%-10.38%MSTR
90 days—+21.21%—

Correlation

0.23over 36 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.8290d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	MSTR	CRCLB
Max drawdown (400d)	-49.6%	-31.5%
Risk-adjusted return (90d)	-0.24	0.25

Relative strength over 90 days: CRCLB outperformed MSTR by 34.8% — measured on the MSTR/CRCLB ratio, so it holds regardless of market direction.

Strategy Inc. • Robinhood Token →Circle Internet Group (bStocks Tokenized Stock) →